Banks’ Forex Ban: Dollar Scarcity, Inflation, Firms’ Closure Imminent, Experts Warn   Financial analysts and economic experts have expressed worry over the plan by the Central Bank of Nigeria to stop the sale of foreign exchange to Deposit Money Banks by December this year. The economists, who...

Nigerian importers have reacted angrily to a recently implemented policy of the Central Bank of Nigeria that requires foreign suppliers to register on its website and abide by its pricing rules. They warn that the upcoming policy will result in a shortage of goods in...

Rice, Beans, Tomato Jerked Up December’s Inflation   The eight-month reduction in Nigeria’s inflation was broken in December following a 0.23 percentage point increase as a result of the movement in the prices of mainly rice, bean and tomato. Economic Confidential had reported that the 15.63 inflation...

FG’s 2022 Target Shaky As Inflation Rises To 15.63%   The National Bureau of Statistics disclosed on Monday that Nigeria’s headline inflation rate rose to 15.36 per cent in December 2021. Earlier data from the NBS showed that headline inflation had maintained a consecutive decline for a...

Inflation Rate Rises By 15.63%, After Eight Months Of Decline   The National Bureau of Statistics (NBS) has said for the first time in the last eight months, inflation rate rose to 15.63% in December 2021 from 15.40% in November. It increased by 1.82%, according to its...

I don't Understand How NBS Get Their Inflation Figures - Buhari   President Muhammadu Buhari has expressed doubt on the credibility and accuracy of the routine inflation figures released by the National Bureau of Statistics (NBS). Speaking in the Channels TV interview aired on Wednesday night, the...